Tax Bill Could Make Commerical Roof Restrofits More Attractive In Idaho

Let's say you need a repair on your commercial roof. That repair could be a deduction on your expenses. But, if you consider to replace the entire rood with a new commercial roof, that replacement is an improvement as part of building restoration. You may be able to depreciate the cost of that commercial roof replacement.

Other potential changes include the maximum amount that may be immediately deducted from $500,000 to $1 million and increases the phase-out threshold from $2 million to $2.5 million. These new limits may be effective for qualifying property beginning after December 31, 2017 and will be adjusted for inflation following 2018.

We encourage you to talk with your tax professional to see how this may help you and your related sales towards commercial roof replacement vs. repairs.